NOT LISTED FOR SALE

714 N Watts St Unit 716 Portland, OR 97217

Piedmont Neighborhood

Estimated Value: $454,000 - $516,801

4 Beds
2 Baths
1,440 Sq Ft
$337/Sq Ft Est. Value

Last Sold March 02, 2023

Last sale price $454,000 $315 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,911/month

127 Days on Market

Highlights

  • Paneling
  • High Speed Internet
  • 1-Story Property
  • Baseboard Heating
  • Wood Siding
  • 4-minute walk to Farragut Park

About This Home

As of March 2023

Affordable and move-in ready DUPLEX in the Piedmont neighborhood. Just a half block from Farragut Park, this mid-century, single-level cutie is perfect for investors or owner-occupants. Each unit features hardwood floors, large private patios, fenced front yards and updated kitchen cabinetry. Excellent opportunity for steady income growth. Please do not disturb tenant in 716.

Last Agent to Sell the Property

Theresa deSousa + Brian Spear

Opt License #200312221 Listed on: 09/27/2022

Opt

Co-Listed By

Brian Porter

Opt License #200305174

Last Buyer's Agent

Yascha Noonberg

Living Room Realty License #201202058

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,754

Year Built

  • Built in 1967

Lot Details

  • 10,019

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Crawl Space

Schools

  • Woodlawn Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R282228

Community Details

Overview

  • 2 Units
  • Piedmont Subdivision

Building Details

  • Operating Expense $14,305
  • Gross Income $37,740
  • Net Operating Income $23,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,754

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1967
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 454000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • High School2: Roosevelt
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Panel,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: Sidewalk
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Woodlawn
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: RM2
  • Parcel #: R282228

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3754.42

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.92
  • Annual Gross Income: 37740.0
  • Property Net Operating Income: 23435.0
  • Annual Operating Expense: 14305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Feb 2, 2023
Sold by
Gantz Matthew
Bought by
Gourshetty Shivkumar and Gourshetty Amanda
Seller's Agent
Theresa deSousa + Brian Spear
Opt
Buyer's Agent
Yascha Noonberg
Living Room Realty
List Price
$449,900
Sold Price
$454,000
Premium/Discount to List
$4,100
0.91%
Views
16
Current Estimated Value
$484,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,700
Avg. Annual Appreciation
2.42%
Original Mortgage
$385,900
Outstanding Balance
$372,956
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$111,744

Purchase Details

Listed on
Jan 29, 2016
Closed on
Mar 29, 2016
Sold by
Smith Merrick S
Bought by
Gantz Matthew
Seller's Agent
Brian Porter
Opt
Buyer's Agent
Ellen Bick
CORE, Realtors
List Price
$289,900
Sold Price
$299,900
Premium/Discount to List
$10,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$224,925
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2006
Sold by
Hawkes James
Bought by
Smith Merrick S and Smith Michelle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,200
Interest Rate
6.15%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 27, 1998
Sold by
Vu Michael
Bought by
Hawkes James and Hawkes Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1996
Sold by
Britton Jim L
Bought by
Vu Michael and Dinh Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gourshetty Shivkumar $454,000 First American Title
Gantz Matthew $299,900 Wfg Title
Smith Merrick S $196,500 First American
Hawkes James $110,000 Transnation Title Insurance
Vu Michael $82,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gourshetty Shivkumar $385,900
Previous Owner Gantz Matthew $224,925
Previous Owner Smith Merrick S $157,200
Previous Owner Hawkes James $99,000
Previous Owner Vu Michael $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2023 03/02/23 Sold $454,000 +0.9% $315 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $449,900 -0.9% $312 / Sq Ft
12/09/2022 12/09/22 Off Market $454,000 -- --
09/27/2022 09/27/22 For Sale $449,900 +50.0% $312 / Sq Ft
03/31/2016 03/31/16 Sold $299,900 +3.4% $208 / Sq Ft View Prior Sale
02/24/2016 02/24/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $289,900 -- $201 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,211 $156,270 -- --
2024 $4,059 $151,720 -- --
2023 $3,904 $147,310 $0 $0
2022 $3,819 $143,020 $0 $0
2021 $3,754 $138,860 $0 $0
2020 $3,444 $134,820 $0 $0
2019 $3,318 $130,900 $0 $0
2018 $3,220 $127,090 $0 $0
2017 $3,086 $123,390 $0 $0
2016 $2,825 $119,800 $0 $0
2015 $2,751 $116,320 $0 $0
2014 $2,709 $112,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Porter

    Seller Co-Listing Agent in 2023

    Brian Porter

    Opt

    (503) 810-2219

    2 in this area

    194 Total Sales

    Brian Porter
    Section Image
  • Yascha Noonberg

    Buyer's Agent in 2023

    Yascha Noonberg

    Living Room Realty

    (503) 810-6312

    2 in this area

    295 Total Sales

    Yascha Noonberg
    Section Image

  • E

    Buyer's Agent in 2016

    Ellen Bick

    CORE, Realtors

    (503) 481-0825

    31 Total Sales

    Ellen Bick
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22313806

Regional Multiple Listing Service (RMLS)

APN: R282228

Oregon Multnomah County Portland 97217 Piedmont

714 N Watts St Unit 716, Portland, OR

Not Listed for Sale

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